The typical Ethereum gasoline payment has dropped by 95% within the yr following the Dencun improve, one in every of Ethereum’s most important community enhancements.
On March 13, 2024, Ethereum’s Dencun upgrade was rolled out. The improve mixed the Cancun improve on the execution layer and the Deneb improve on the consensus layer. It additionally launched 9 Ethereum Enchancment Proposals (EIPs).
The first objective was to boost Ethereum’s scalability and scale back transaction prices for layer-2 networks. According to YCharts knowledge, Ethereum’s common gasoline payment has fallen from 72 gwei in 2024 to only 2.7 gwei as of March 12, 2025.
Final yr, a median swap value customers $86 in charges, whereas non-fungible token gross sales averaged $145 in gasoline charges. On the time of writing, Etherscan knowledge confirmed that a median swap would value $0.39, whereas an NFT sale would common $0.65.
Ethereum common gasoline payment. Supply: YCharts
Ether value has dropped 53% because the Dencun Improve
Regardless of the sharp drop in gasoline charges, Ether (ETH) value has declined by 53% because the Dencun improve.
In the course of the improve in March 2024, ETH was buying and selling above $4,070. One yr later, as of March 13, 2025, ETH was valued at round $1,891, based on CoinGecko knowledge.
Ether's 1-year value chart. Supply: CoinGecko
In an announcement despatched to Cointelegraph, Dominik Harz, the co-founder of hybrid layer-2 Construct on Bitcoin (BOB), mentioned Ethereum has “underperformed” lately:
“Monday’s value drop erased all DeFi TVL features since Trump’s election. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the business is trying to find a brand new, extra sustainable and safe frontier for DeFi.”
Associated: More than 50% of validators signal to increase ETH gas limit
Upcoming Pectra improve sees hiccups
On March 5, Ethereum’s subsequent main improve, Pectra, rolled out on its final testnet, Sepolia. Nevertheless, the staff began seeing error messages and empty blocks being mined.
Ethereum developer Marius van der Wijden confirmed {that a} repair was deployed, however an unknown consumer later triggered the identical error, resulting in additional points. The event staff has since managed to stabilize the testnet and efficiently course of transactions.
Harz mentioned that whereas these testnet points are “disrupting the mainnet launch,” they're removed from Ethereum’s greatest issues. The chief mentioned that after Pectra goes dwell, it is going to double the out there knowledge area for layer-2s, scale back prices and improve execution capability.
“Whereas that’s a step in the precise route, the fact is that Ethereum is shortly shedding its place because the go-to chain for builders, and Pectra isn’t the fix-all answer to its deeper points,” Harz mentioned.
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